I truly believe NMRX is at risk right now to be snatched up at this low price. They should use some of their new positive cash flow to buy back some of their own stock. This company should do something to support their shareholders.
"New positive cash flow" is at best either transitory or even illusory. They had positive cash generation during the June 2008 quarter, but used cash in each of the five previous quarters. If the business actually is growing, then it likely used cash. NMRX's cash pile is very thin, and debt exceeds cash. Buying back stock now would be very imprudent. They should focus on building the business as job #1, #2, and #3. If they are lucky enough to generate excess cash, then use it to pay down debt.
you must tbe right and I now agree. At least the management team has stepped up again and bought more stock. Form 4s filed yesterday. Looks like the bottom is in at NMRX. NOw we can look ahead to a good Q3 and a very positive Q4 with the higher margin recurring revenues taking over the income statement.
Unfortunately unlike the US Gov. NMRX can not print money to bail themselves out. However NMRX did print money in the form of shares to purchase the garbage in Warminster. And that garbage cost the shareholders 12 million and watered down the share price. What a blunder, and now Airdesk is sucking the life out of the NMRX. A clear example of incompetence. This company better streamline.. and fast. Be smart and get your money out of here before it's a penny stock.